Amid the Lokpal and CBI ongoing investigations against SAIL officials in the matter of accruing undue benefits of crores of rupees to the “Trading Firms” in the name of “Projects”, the ‘Bureaugram.com’ fetched some very critical documents and data for certain firms which were earlier carried in its multiple posts.

In a story carried by ‘bureaugram.com’ dated February 9, 2026 “A crude saga of connivance between SAIL and  Artisty Infracon LLP  in the name of Projects” the ‘bureaugram.com’placed before the people the  declarations made by M/s Artisty Infracon LLP on March 31, 2023 in the LLP Form No. 8 (Statement of Account & Solvency and Charge filing which is Pursuant to rule 24 of Limited Liability Partnership Rules, 2009] which clearly demonstrate that that the firm is not involved in any kind of Project/Construction activity. The business of the firm is “Trading”. All the purchases made by M/s ArtistyInfracon LLPduring June 30, 2021 to March 31, 2022 and April 1, 2022 to March 31, 2023 are for “Re-sale”

https://bureaugram.com/news/a-crude-saga-of-connivance-between-sail-and-artisty-infracon-llp-in-name-of-projects

In the same series, today through our extensive investigation Bureaugram.com places before you the declarations made by M/s STRIKE INFRACON LLP on March 31, 2023 in the LLP Form No. 8. This firm is also under LOKPAL/CBI investigation.

1. The financial statements filed by M/s STRIKE INFRACON LLP shows that  that for periods i.e. July 07, 2021 to March 31, 2022 and April 1, 2022 to March 31, 2023,  100% of the turnover has come from “Sales of Goods Traded”

2. Zero Raw Material Consumed for both periods. This clearly points to the fact that the firm is not involved in any kind of Project/Construction activity. The business of the firm is “Trading” 

3.  All the purchases made during July 07, 2021 to March 31, 2022 and April 1, 2022 to March 31, 2023 are for “Re-sale”

The above is corroborative evidence that how M/s STRIKE INFRACON LLP, which was incorporated on July 07, 2021, got its GSTIN on August 04, 2021, started making purchases of steel under “Projects” from Steel Authority of India Limited (SAIL) from October 2022 and sold about 33,000 Tonnes of SAIL steel in the market for windfall gains.

As on date designated partners of M/s STRIKE INFRACON LLP are SANTOSH KUMAR, ASHOK, and AARTI KUMARI. Earlier Sh. Sahashank Singh Jadaunand  Sh. Hitesh Tejwani were the partners of the same firm, who are working with OfBusiness (M/s OFB Tech P Limited).

LENDCIERGE ESTATE P LTD is also a company which is directly/indirectly connected with OfBusiness (M/s OFB Tech P Limited). SAIL supplied over 75,000 Tonne of TMT Bars to this company under its ‘PROJECTS’ scheme and charged prices substantially lower than the price charged to its Distributors. Transactions with this company are also under LOKPAL/CBI investigation.

OFB Tech Private Limited, operating under the brand OfBusiness, is a leading tech-enabled B2B platform founded in 2015 that facilitates raw material procurement and financing. It specializes in trading industrial goods like steel, chemicals, polymers, etc.  It has been gathered that SAIL also supplied over 75,000 Tonne of various steel products including large quantity of TMT Bars to OFB Tech Private Limited under its ‘PROJECTS’ scheme and charged prices substantially lower than the price charged to its Distributors/TRADERS. Transactions with this company are also under LOKPAL/CBI investigation.

Relevant additional fact is that: Mahesh Chand Agarwal who was Executive Director(Sales & ITD) at Central Marketing Organisation of SAIL from September 2019 to July 2023, joined OFB Tech Private Limited on October 4, 2023 i.e. immediately after superannuating from SAIL. Agarwal is one of the key officers of SAIL who is under scanner of Lokpal/CBI. Before his superannuation although Ministry of Steel asked SAIL to initiate departmental inquiry against Agarwal but CMD-SAIL went against the ministry and released the retiral benefits to him.

The modus-operandi adopted with M/s Artisty Infracon LLP and M/s STRIKE INFRACON LLP is exactly same as was adopted by SAIL in supply of 1,50,000 Tonnes of steel to M/s Venkatesh Infra Projects P Ltd. On directions of Lokpal of India, CBI has already registered  F.I.R. No. RC2182024A0021 on 10.10.2024 u/s 120B, 420, 468, 471 IPC and Sections 7, 9 and 12 of the P.C. Act, 1988 as amended has also been lodged by the CBI, AC-III, New Delhi against the erring senior officials of SAIL, M/s Venkatesh Infra Projects P Ltd and M/s APCO Infratech P Ltd. 

It has been gathered that a large part of TMT Bars have been supplied to M/s STRIKE INFRACON LLP from Western Region during the tenure of T.N. Natarajan, who has recently been selected as Director (Commercial) of SAIL by the Search-cum-Selection Committee (SCSC) under the Ministry of Steel.

https://www.bureaugram.com/news/name-of-t-n-natarajan-recommended-for-director-comm-sail